Press releases

SIG secures debt facility for 2 GWp Solar PV pipeline in Poland.

Frankfurt am Main, 11.06.2024

Sun Investment Group (“SIG”), a vertically integrated European renewable energy group, has successfully secured a debt facility to support its pipeline of mid to late-stage solar PV projects in Poland with a total capacity of 1,970 MWp. The facility was entirely subscribed by an international debt fund. Capcora, a Germany based financial advisor, played a crucial role in sourcing lenders and structuring the deal, further solidifying their position as a strategic partner of the group.

SIG's dedicated pipeline includes 323 individual projects that range in size from 1 MWp to 120 MWp, including approximately 100 MWp at ready-to-build (“RTB”) stage, alongside 1,120 MW of mid-stage and 750 MWp of early-stage projects. This diverse portfolio, together with additional 190 MW of RTB projects in other portfolios in this market, solidifies SIG's role as a key player in Poland’s renewable energy sector amongst other countries in Europe.

With this innovative facility in place and a robust portfolio of varied projects in several countries, SIG is well-positioned to significantly influence Europe's renewable energy landscape.

“We are pleased to have secured this debt facility with the assistance of Capcora. It will play a crucial role in advancing the realization of our business plan in the coming years. Polish marketcurrently continues to be one of the most attractive arena for investors and lenders in Europe, offering alternative funding solutions.”, says Deividas Varabauskas, CEO at Sun Investment Group.

"We are delighted to have secured an alternative financing solution for SIG and successfully closed this transaction. The integration of projects at various stages and the substantial project volume make this achievement truly exceptional in the Polish market.," explains Bartek Hofmann Director at Capcora and head of the Polish branch.

SIG was advised by Deloitte Legal Poland and TGS Baltic as legal advisors with Capcora as financial advisor.

About Sun Investment Group:

SIG group of companies started its activities in 2017 and currently unites more than 100 professionals in Europe (Poland, Italy, Spain and Lithuania). SIG's portfolio currently consists of more than 3 GW, of which nearly 300 MW are ready-to-build (RTB) projects. To this date, SIG has successfully developed, built, and sold more than 200 MW of solar power plants in UK, Poland and Lithuania. At present, SIG is starting the construction of over 60 MW of solar power plants in Poland for its sale to third parties.

About Capcora:

Capcora is an independent financial advisory boutique specializing in M&A and project finance services to accelerate the energy transition in Europe. Founded in 2015, the Frankfurt-based company helps its clients succeed in the renewable energy and infrastructure sectors by advising them on sell-side and buy-side transactions, and by raising mezzanine, unitranche or senior debt.